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Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December...

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Accounting

Angela Lopez owns and manages a consulting firm called Metrix, which began operations on December 1. On December 31, Metrix
shows the following selected accounts and amounts for the month of December.
Required:
Prepare a December income statement for the business.
Prepare a December statement of retained earnings. The Retained Earnings account balance at December 1 was $0.
Prepare a December 31 balance sheet. Hint: Use the Retained Earnings account balance calculated in part 2.
Complete this question by entering your answers in the tabs below.
Prepare a December income statement for the business.
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